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The executive said the company remains optimistic about small commercial, where NWP grew 8.5% in Q2.
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Reserve analysis shows that OL reserving may be insufficient for recent AYs.
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Rising medical inflation, less favorable frequency trends and difficulty in getting rate are challenging the line.
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The first RICO complaint targeted medical providers and training centers.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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Reserve releases in workers' comp may have been premature despite industry confidence.
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Hansen joined the California-based workers’ compensation provider in 2006.
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The H2 rate predictions mark a slight moderation from those in H1.
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The firm’s underwriting performance is hard to piece together from the limited available data.
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Mental health problems account for 52% of all workplace injury cases.
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The segment’s accident year 2023 combined ratio moved up 1 point to 98% in 2023.
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The all-items CPI has increased 3.4% over the last 12 months.